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The Really Useless Thread

  • #76,921
  • Apr 17, 2012 3:43am Apr 17, 2012 3:43am
spanish auction sold E3.18bln exceeding target E2-3bln...
  • #76,922
  • Apr 17, 2012 3:44am Apr 17, 2012 3:44am
Quoting kill56
and no homo pinkish
GM mate..

  • #76,923
  • Apr 17, 2012 3:45am Apr 17, 2012 3:45am
Quoting roro53
what do make of this repatriation thing, MM?..........if the European banks are playing for repatriation (driving the Euro and distorting risk) then there must be some very serious conversations taking place behind the scenes out of sight of the press involving the ECB and BuBa either attempting to avert another crisis and if so then that pretty much infers the SNB has to be feeling some extreme heat not to mention a wicked risk with what it has already spent to get to 1.20.

unless these policy makers are idiots, which i seriously doubt although...
I still owe you a response, mate.

They certainly are, especially french banks - and that tells us only one thing, they smell trouble in the air if they liquidate their USD denominated assets and move them back home in EUR, probably to keep them in reserves...You can see markets (masses) are easily fooled though so all this "risk on" move (especially yesterday) among generally bad data is driven largely by misunderstanding whatīs going on behind the curtain.

Anyway, Bundesbank certainly wants EUR lower, they need to help their exports already suffering from losing demand from european periphery. My bet would be ze Germans are strong enough to keep ECB under control, so if the EU (generalisation, but you catch my drift) wants EUR lower (Sarkozy said it in public (!) this morning), so SNB is in some serious trouble.

Which means - they have to act and act fast.

As for LTRO, that was a massive failure as everybody suspected, most of the capital wasnīt reinvested but parked back in ECB and if banks feel this need to store liquidity, that should also tell us something.

I donīt see any other LTRO coming anytime soon, btw...More likely, ECB will again use its fingers to manipulate bond makrets via SMP. Bastards.
Quant Hedge Fund CEO
  • #76,924
  • Apr 17, 2012 3:46am Apr 17, 2012 3:46am
Look at those yields...

Spanish T-Bill Auction Results

-Spain sells EUR 2.09bln 12-month T-Bills, bid/cover 2.90, Prev. 2.14 (yield 2.623%, Prev. 1.418%)
-Spain sells EUR 1.09bln 18-month T-Bills, bid/cover 3.77, Prev. 2.93 (yield 3.110%, Prev. 1.711%)
Quant Hedge Fund CEO
  • #76,925
  • Apr 17, 2012 3:46am Apr 17, 2012 3:46am
EURUSD Offers from 1.3140-50 and 1.3160 Stops 1.3155, 1.3170 and 1.3220 Bids 1.3080 and 1.3060, larger demand 1.3000-20 area first stops done 1.3155
  • #76,926
  • Apr 17, 2012 3:48am Apr 17, 2012 3:48am
Quoting ingmarforex
EURUSD Offers from 1.3140-50 and 1.3160 Stops 1.3155, 1.3170 and 1.3220 Bids 1.3080 and 1.3060, larger demand 1.3000-20 area first stops done 1.3155
where did you get your order board info?
  • #76,927
  • Apr 17, 2012 3:48am Apr 17, 2012 3:48am
friggen lines stopping it
Attached Image (click to enlarge)
Click to Enlarge Name: uschf.PNG Size: 25 KB
those who can, do. those who cant, talk about those who can
  • #76,928
  • Apr 17, 2012 3:49am Apr 17, 2012 3:49am
Quoting FXMastermind
Look at those yields...

Spanish T-Bill Auction Results

-Spain sells EUR 2.09bln 12-month T-Bills, bid/cover 2.90, Prev. 2.14 (yield 2.623%, Prev. 1.418%)
-Spain sells EUR 1.09bln 18-month T-Bills, bid/cover 3.77, Prev. 2.93 (yield 3.110%, Prev. 1.711%)
under 6% tho'... mr market seems to like it...
  • #76,929
  • Apr 17, 2012 3:50am Apr 17, 2012 3:50am
Quoting FibbinArchie
where did you get your order board info?
http://twitter.com/#!/PowerLineTrader this guy on twitter mate
  • #76,930
  • Apr 17, 2012 3:50am Apr 17, 2012 3:50am
Quote
original post by sisse
that's very clear from a technical point of view but the problem is in the political side and that's far from solve.
thanks, i love having conversations like this because i think the devil (price) is in the details

i agree, sisse..........the politics is complex but it is also pretty clear that Sarkozy has opened another front for his allies in Germany with comments about a weaker euro being a posiitve.........that means printing and devaluation which means higher equity and commodity price so down the same rabbit hole as the FED and that all works when it comes to perception (as in the vast majority of 9 to 5ers will never understand a QE is buy the S&P/sell the dollar trade), but what other choice is there except austerity?

won't sell politically and Sarkozy knows it.........the SNB must be shitting its pants when it hears that Euro devaluation, and no doubt Hollande is right behind it too

if the rumors about the Euro being driven by repatriation are accurate (and fundamentally it is difficult to argue a positive economic outlook for europe is the reason) so the banks can shore up liquidity to batten down the hatches for a coming storm then Sarkozy is probably knows there is no other realistic position to take, politically or otherwise
  • #76,931
  • Apr 17, 2012 3:51am Apr 17, 2012 3:51am
Quoting fxjawn
wish me luck with my 100$ account bro...
if we keep moving like this.. i will get my gbp payday today. with a chance to short both of these phuckers..
those who can, do. those who cant, talk about those who can
  • #76,932
  • Apr 17, 2012 3:52am Apr 17, 2012 3:52am
Quoting ingmarforex
http://twitter.com/#!/PowerLineTrader this guy on twitter mate
cheers m'dear... just asked because it's more comprehensive than my usual source...
  • #76,933
  • Apr 17, 2012 3:52am Apr 17, 2012 3:52am
lubed and in with tight

rule no.69
  • #76,934
  • Apr 17, 2012 3:55am Apr 17, 2012 3:55am
Quoting gatorinla
if we keep moving like this.. i will get my gbp payday today. with a chance to short both of these phuckers..
nice! good luck buddy...
  • #76,935
  • Apr 17, 2012 3:55am Apr 17, 2012 3:55am
flat till zew, cigarette time...
  • #76,936
  • Apr 17, 2012 3:56am Apr 17, 2012 3:56am
kenny cuncured and then passed out in his chair again... must have been some good pasta
  • #76,937
  • Apr 17, 2012 3:56am Apr 17, 2012 3:56am
Quoting Piters
GM mate..

hey mate
Attached Image
  • #76,938
  • Apr 17, 2012 3:58am Apr 17, 2012 3:58am
printing? they are already printing.. that's what they backing the banks with and buying bunds with.. easy money... for some reason the media that is owned by the banks fails to say this.
those who can, do. those who cant, talk about those who can
  • #76,939
  • Apr 17, 2012 3:58am Apr 17, 2012 3:58am
Quoting kill56
lubed and in with tight

rule no.69


Keeping her real, killer!
  • #76,940
  • Apr 17, 2012 3:59am Apr 17, 2012 3:59am
Quote
Originally posted by FXMastermind
Look at those yields...

Spanish T-Bill Auction Results

-Spain sells EUR 2.09bln 12-month T-Bills, bid/cover 2.90, Prev. 2.14 (yield 2.623%, Prev. 1.418%)
-Spain sells EUR 1.09bln 18-month T-Bills, bid/cover 3.77, Prev. 2.93 (yield 3.110%, Prev. 1.711%)

MM........am i reading the yields, right!?........jump in yields like that especially for shorter dated debt is a NEGATIVE and implies to me money is drying up QUICKLY.....unless i am reading upside down

the yield for longer dated debt will have to soar..........

and, thanks also for the conversation/dialogue re SNB and repatriation.
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